<article>Beijing-based private equity firm <a style="color: #000080;" href="http://www.jdcapital.com/webHome">JD Capital</a> has acquired 79 per cent stake in Modern Metal &amp; Precision Holdings Ltd, a leading aluminum die casting manufacturer in China. 
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Beijing-based private equity firm <a style="color: #000080;" href="http://www.jdcapital.com/webHome">JD Capital</a> has acquired 79 per cent stake in Modern Metal &amp; Precision Holdings Ltd, a leading aluminum die casting manufacturer in China. 

The PE firm acquired 30 per cent stake held by <a style="color: #000080;" href="http://www.eqt.se/">EQT Greater China II</a> &#8211; paving a way for its exit &#8211; and the remaining (49%) from the founders of the company, a statement said.
EQT Greater China II invested in Modern Metal in December 2010 for an undisclosed amount. The fund, launched in 2006 by EQT, one of the global leading private equity firms, raised about $535 million, which has been fully invested.
Following EQT Greater China’s investment, Modern Metal built a new plant in Wuzhou, China, gained higher share of sales from key automobile customers and formulated sharper go-to market strategy to capture the trend of increasing sourcing of aluminum die castings and auto parts from China.
Modern Metal, based in Hong Kong with manufacturing facilities in Dongguan and Wuzhou, leads in high-pressure aluminum die-casting serving global automotive, climate control, industrial automation and telecommunication industries.
Modern Metal has shown the top line growth of 15 per cent per annum from 2010 to last year.
The transaction was closed on June 6, 2016. The terms of the transaction were not disclosed.
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Beijing-based private equity firm JD Capital has acquired 30 per cent in Modern Metal & Precision Holdings Ltd from the EQT Greater China II.

China: JD Capital buys Modern Metal, EQT Partners exits

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China: JD Capital buys Modern Metal, EQT Partners exits

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